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Thorstein Veblen Quotes

Economist

Thorstein Veblen was an American economist known for his sociological perspective on economics and his critical analysis of economic theories. His work, 'The Theory of the Leisure Class,' had a profound impact on later economics and sociology.

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All Leisure Conspicuous Consumption Class Mean Aesthetic Goods Habit Waste Wealth Beautiful Business Community Consumption Effort Eye Individual Self Standards Use Apprehension

Famous Thorstein Veblen Quotes

“The possession of wealth confers honor; it is an invidious distinction.”

Wealth Honor Possession Distinction

Book:A Veblen Treasury: From Leisure Class to War, Peace, and Capitalism

Source: A Veblen Treasury: From Leisure Class to War, Peace, and Capitalism

“It is much more difficult to recede from a scale of expenditure once adopted than it is to extend the accustomed scale in response to an accession of wealth.”

Difficult Wealth Response Scales Accustomed Adopted Expenditures

Book:BUSINESS & ECONOMICS Premium Collection: 25+ Titles in One Volume: The Theory of Business Enterprise, The Higher Learning in America, The Vested Interests and the Common Man, On the Nature of Capital…: The Theory of the Leisure Class, The Beginning of Ownership, The Preconceptions of Economic Science, The Industrial System and the Captains of Industry, The Socialist Economics of Karl Marx…

Source: BUSINESS & ECONOMICS Premium Collection: 25+ Titles in One Volume: The Theory of Business Enterprise, The Higher Learning in America, The Vested Interests and the Common Man, On the Nature of Capital…: The Theory of the Leisure Class, The Beginning of Ownership, The Preconceptions of Economic Science, The Industrial System and the Captains of Industry, The Socialist Economics of Karl Marx…

“The thief or swindler who has gained great wealth by his delinquency has a better chance than the small thief of escaping the rigorous penalty of the law.”

Law Wealth Chance Thieves Penalties Escaping Delinquency Swindlers

Book:A Veblen Treasury: From Leisure Class to War, Peace, and Capitalism

Source: A Veblen Treasury: From Leisure Class to War, Peace, and Capitalism

“Abstention from labor is the conventional evidence of wealth and is therefore the conventional mark of social standing.”

Social Wealth Evidence Standing Labor Mark Conventional Abstention

Book:A Veblen Treasury: From Leisure Class to War, Peace, and Capitalism

Source: A Veblen Treasury: From Leisure Class to War, Peace, and Capitalism

“In order to stand well in the eyes of the community, it is necessary to come up to a certain, somewhat indefinite, conventional standard of wealth.”

Life Wells Eye Success Certain Order Community Wealth Class Standards Come Up Conventional Conspicuous Consumption

Book:The Theory of the Leisure Class

Source: The Theory of the Leisure Class